TSLA, PLTR and RKLB Forecasts – Tech Looking to Rally

TSLA Technical Analysis

The market for Tesla looks like it is going to be somewhat positive in the early part of the session, but the question now is whether or not traders are going to be able to really drive it to the upside. I don’t know because, quite frankly, a lot of what’s going on has nothing to do with Tesla. It’s about risk appetite, which is getting eviscerated on a daily basis, only to have a random tweet come out and have it come back, only to turn around and fall hours later.

With that being said, I think you have to look at this as a market that has to prove itself. I’d be very cautious here. I don’t really pay attention until it breaks above the 200-day EMA.

PLTR Technical Analysis

Palantir is going to be in the same situation, as there’s just nothing that you can trust at the moment, as the latest headlines will rock the market and throw everything into disarray. The $128 level is an area I might consider playing off of, but we’re not there yet, as it has offered significant support. To the upside, the $151.50 level is your 200-day EMA. I’d be cautious, but it is possible that we will try to get there.

RKLB Technical Analysis

Rocket Lab is trying to bounce off the 200-day EMA, and this might be a more technical setup than anything else. So, if we do get a lot of positive out there, I suppose this might be one that rallies nicely towards the 50-day EMA in the form of the $70.21 level.

However, as we have seen multiple times recently, the risk appetite that we see earlier in the day will just turn right around for no real apparent reason. So, I think this is still a scenario where if you get some profit, you probably book it fairly quickly because there just is no stability. For what it’s worth, the 10-year yield has bounced from the 4.3% level in the United States and climbed a bit, so we’ll have to see whether or not higher yields remain an issue.